2,215 Shares in Nexstar Media Group, Inc. (NASDAQ:NXST) Bought by Trust Point Inc.

Trust Point Inc. bought a new stake in Nexstar Media Group, Inc. (NASDAQ:NXST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,215 shares of the company's stock, valued at approximately $350,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NXST. Pacer Advisors Inc. boosted its holdings in shares of Nexstar Media Group by 27,180.2% in the 4th quarter. Pacer Advisors Inc. now owns 1,206,877 shares of the company's stock valued at $190,650,000 after acquiring an additional 1,202,453 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Nexstar Media Group by 18.1% in the third quarter. Copeland Capital Management LLC now owns 547,728 shares of the company's stock valued at $90,567,000 after purchasing an additional 83,829 shares during the last quarter. Payden & Rygel grew its position in Nexstar Media Group by 40.4% during the 3rd quarter. Payden & Rygel now owns 110,200 shares of the company's stock worth $18,222,000 after purchasing an additional 31,700 shares during the period. World Investment Advisors LLC acquired a new stake in Nexstar Media Group during the 3rd quarter worth about $3,747,000. Finally, SGL Investment Advisors Inc. purchased a new position in shares of Nexstar Media Group during the 3rd quarter valued at about $3,758,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Nexstar Media Group Price Performance

Shares of NASDAQ NXST traded down $0.25 during trading on Friday, hitting $151.40. The company had a trading volume of 367,345 shares, compared to its average volume of 259,050. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The stock has a fifty day simple moving average of $158.98 and a two-hundred day simple moving average of $165.44. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.98. Nexstar Media Group, Inc. has a fifty-two week low of $147.25 and a fifty-two week high of $191.86.

Nexstar Media Group (NASDAQ:NXST - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $5.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.51 by ($0.24). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Nexstar Media Group had a return on equity of 26.03% and a net margin of 11.39%. The company's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, research analysts expect that Nexstar Media Group, Inc. will post 21.62 earnings per share for the current year.

Nexstar Media Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a dividend yield of 4.91%. This is a boost from Nexstar Media Group's previous quarterly dividend of $1.69. The ex-dividend date is Wednesday, February 12th. Nexstar Media Group's payout ratio is presently 39.10%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Guggenheim reaffirmed a "buy" rating on shares of Nexstar Media Group in a report on Wednesday, January 22nd. Barrington Research reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Nexstar Media Group in a research note on Thursday, November 7th. Benchmark reissued a "buy" rating and set a $215.00 price target on shares of Nexstar Media Group in a report on Friday, November 8th. Loop Capital cut shares of Nexstar Media Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $200.00 to $190.00 in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of Nexstar Media Group from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $204.29.

Insider Activity at Nexstar Media Group

In other Nexstar Media Group news, CEO Perry A. Sook sold 52,808 shares of Nexstar Media Group stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $157.41, for a total value of $8,312,507.28. Following the sale, the chief executive officer now owns 674,694 shares in the company, valued at $106,203,582.54. The trade was a 7.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brett Jenkins sold 4,331 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $170.64, for a total value of $739,041.84. Following the sale, the insider now directly owns 25,540 shares of the company's stock, valued at $4,358,145.60. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,209 shares of company stock valued at $21,499,239. 6.30% of the stock is owned by insiders.

Nexstar Media Group Profile

Nexstar Media Group, Inc operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.